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Focus Asia ABS prices firmer on buoyant styrene costs
By Clive Ong
SINGAPORE (ICIS)--Asia acrylonitrile-butadiene-styrene (ABS) prices were higher this week as suppliers raised offers but the long-term outlook is bearish amid lacklustre end-user demand, traders said on Wednesday.
Offers of major brands were up by some $20-30/tonne this week on the back of buoyant feedstock styrene monomer (SM) prices.
SM prices rose to the mid $1,700s/tonne (€1,275/tonne) CFR (cost & freight) China amid tight availability, prompting ABS makers to revise offers higher.
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